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Welcome Home to Your Happy Place! Imagine stepping into a bright, beautifully renovated single-story condo where every detail feels warm, fresh, and thoughtfully cared for. This charming downstairs end-unit is more than just a home "” it's where memories are made and life feels easier and brighter. With low HOA dues of only $399 and an FHA-approved complex, this home opens the door to so many beautiful possibilities. Completely renovated in 2019 this home has been lovingly updated even more recently for ultimate comfort: New refrigerator, wide-plank Dusk Cherry flooring (extreme scratch-resistant), and fresh paint in 2026. New A/C, heater, washer, and dryer in 2025 You'll love the modern kitchen and updated bathroom that make everyday living feel like a pleasure. Best of all, there are no stairs to climb, and your assigned parking spot (#28) is right next to the unit "” making coming home something you truly look forward to. Live the Rancho Santa Margarita Dream. Just steps away, enjoy three community spas and a pool. A gentle half-mile walk (under 10 minutes) brings you to the sparkling RSM Lake, charming shops, cozy cafés, restaurants, and an even shorter walk to playgrounds, basketball court, tennis court, and park. Cielo Vista Elementary and RSM Middle School are literally across the street "” perfect for growing families. This is a neighborhood where kids ride bikes, neighbors wave hello, and you feel a true sense of belonging. As part of the coveted SAMLARC community, you'll have access to an incredible resort-style lifestyle: 4 pools (2 heated year round), a Beach Club & Lagoon, 8 pickleball courts, 12 tennis courts, sand volleyball, clubhouses, parks, trails, and so much more "” all designed to bring joy and connection into your daily life. If you're ready to stop searching and start living somewhere that feels like you "” warm, welcoming, and full of life "” come see 46 Picazo. This isn't just a condo. It's where your next chapter begins. Be sure to click on the 3D Virtual Tour!
| Last Updated | 5/26/2026 | Tract | Las Flores (R2) (LF) |
|---|---|---|---|
| Year Built | 1988 | Community | R1 - Rancho Santa Margarita North |
| County | Orange |
SCHOOLS
| Elementary School | Cielo Vista |
|---|---|
| Jr. High School | Rancho Santa Margarita |
| High School | Trabucco Hills |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Dryer, Free-Standing Range, Gas Range, Gas Water Heater, Refrigerator, Washer |
| AREA | R1 - Rancho Santa Margarita North |
| HEAT | Central |
| HOA DUES | 399|Monthly |
| INTERIOR | Master Downstairs |
| LOT | 0.5013 acre(s) |
| LOT DIMENSIONS | 21835 |
| PARKING | Assigned, Carport, Detached Carport, Guest, Paved |
| POOL DESCRIPTION | Community, Heated, In Ground, Association |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Mediterranean, Spanish |
| SUBDIVISION | Las Flores (R2) (LF) |
| UTILITIES | Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Mountain(s) |
| WATER | Public |
| WATERFRONT DESCRIPTION | Lake |
Location
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